New York Man Pleaded Guilty of Deceiving the IRS and Holding Accounts at Swiss Banks

New York Man Pleaded Guilty of Deceiving the IRS and Holding Accounts at Swiss Banks

Georges Briguet, a naturalized U.S. citizen, residing in the Hampton pleaded guilty to concealing Swiss bank accounts to the Internal Revenue Service (IRS). According to the US Department of Justice (DoJ) ‘he opened the UBS account in Switzerland in or around 1992, with approximately CHF 7m and, in 2008, he transferred the UBS funds to a numbered account at Clariden Leu in Switzerland, which he maintained until at least 2011’. For tax years 2001 through 2010, G. Briguet failed to report his foreign financial accounts and any income earned.

At sentencing, G. Briguet faces a statutory maximum sentence of 3 years in prison and a $250k fine. As part of his plea agreement, G. Briguet has agreed to pay the IRS a restitution amount of $169,935.